Improving Cash GenerationIn 2025 the company produced positive operating cash flow (~73m) and free cash flow (~71m) after several years of weakness. Sustained positive cash generation would reduce liquidity risk, help fund working capital and project starts, and support supplier payments and contract execution over the coming months.
Reduced LeverageDebt reduction and moderate leverage materially lower refinancing pressure and interest burden, improving financial flexibility. Structurally lower indebtedness supports the group's ability to bid for projects and absorb timing swings in receipts over a multi-month horizon without immediate recapitalization needs.
Diversified Construction & Development ModelThe combination of contract construction (fixed-price and cost-plus) and project development provides diversified, recurring revenue channels and potential upside from development profits. Specialized operating units and mixed revenue streams create durable operational flexibility and multiple levers to restore margins over time.